A short essay looking at the free market system of the US and how it affects the quality of life of Americans.
Date Submitted: 10/24/2004 23:24:46
Category: / Business & Economy / Economics
Length: 3 pages (804 words)
Category: / Business & Economy / Economics
Length: 3 pages (804 words)
Many nations throughout history have used all sorts of economic systems, but I believe that the free market system, all though it has its problems, provides the best quality of life. A free market system legally gives everyone the same chance to succeed, and allows for more individual freedom than any other economic system. The concept of the 'invisible hand' of self interest driving an economy truly does work, but a society full of people …
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…anyone who works hard can become successful. However, the free market system seems to work too well. Materialism is a big social problem. Quality of life is also quite low for the poor, especially since they have to work harder than others to become successful. However, quality of life is still quite high in the USA and that is in large part due to the freedom and financial success that the free market system provides.
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